In 2005, Sagansky and Craig joined Kerry McCluggage in making an equity investment in Toronto-based Peach Arch to fund its current expansion.

"It is my privilege to work alongside Peace Arch's senior management and board as the company continues to progress toward a position of a fully integrated production and distribution company," Sagansky said a statement.

Last March, Sagansky made a separate equity investment in rival Canadian producer Blueprint Entertainment, which has a development office in Los Angeles.